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adell [148]
3 years ago
7

Plunder Inc. accepted a six-month noninterest-bearing note for $2,800 on January 1, 2018. The note was accepted as payment of a

delinquent receivable of $2,500.The cash collection on July 1, 2018, would be recorded as:_______.Discount on note receivable 300 Interest revenue 300Cash 2,800 Note receivable 2,800Cash 2,500 Note receivable 2,500Cash 2,800 Accounts receivable 2,500Interest revenue 300Cash 2,500 Discount on note receivable 300 Note receivable 2,800
Business
1 answer:
madreJ [45]3 years ago
3 0

Answer:

Cash 2,800 Accounts receivable 2,500 Interest revenue 300

Explanation:

If Plunder Inc. accepted a six-month non interest-bearing note for $2,800 on January 1, 2018, and the note was accepted as payment of a delinquent receivable of $2,500.

The cash collection on July 1, 2018, would be recorded as:

JOURNAL ENTRIES

Dr. Cash .............................2,800

Cr Accounts receivable............. 2,500

Cr. Interest revenue .......................300.

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Lyrx [107]

Answer: The 1990s

Explanation:

The aim of human relations is to enable the creation of a win-win scenario such that employee needs can be satisfied and organizational objectives can also be achievable.

In the 1990s, employees had more input into management decisions and how they performed their jobs. Also, the use of groups and teams also became popular.

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3 years ago
What are the current asset financing strategies that firms adopt? Suppose a firm wants to take advantage of an upward-sloping yi
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Overfishing can lead to significant population declines in economically important species. The passage describes

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8 0
3 years ago
Why is there a difference between interest charged and interest earned? A)Banks are non-profit institutions.B)Banks are profit-m
skelet666 [1.2K]

The correct answer is choice b.

Banks are profit-making institutions. Their purpose is to make a profit for their owners or stockholders. They need to charge more interest on the money that they loan out than what they pay on savings accounts so that there is a profit for them.

5 0
3 years ago
1. Assume you are planning to invest $200 each year for four years and will earn 8 percent per year. Determine the future value
Virty [35]

Answer:

The future value of the $200 invested yearly for 4 years at 8% is $973.32

Explanation:

The future value of an immediate annuity is given by the formula = (1+r)*[P*((1+r)^n-1)/r]

P=is the periodic payment of $200

r=rate of return=8 percent

n=number of years=4

By slotting the variables into the formula we have:

Fv=(1+0.08)*(200*((1+0.08)^4-1)/0.08)

FV=$973.32

Judging by the concept of time value of money, it is expected that the sum invested at interest would have been much more at maturity of the investment as $1 today should give a lot more than $1 in future.

6 0
4 years ago
Read 2 more answers
The ACME company manufactured x brooms per month from January to April, inclusive. On the first of each month, during the follow
Papessa [141]

Solution:

Pick some smart number for x,

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in next month for storage of 6 and so on.

So the total storage cost would be:

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= 28

--> as x=2 , then 28 = 14x

So the answer is 14x

4 0
3 years ago
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